Bucs, Alstott Agree To 4-Year Contract Extension

Scott Reynolds <BR>BucMag.com

04/19/2002

April 19 - UPDATED - Buccaneer Magazine has learned that Tampa Bay Pro Bowl fullback Mike Alstott will sign a four-year contract extension with the Buccaneers today. The deal, expected to be announced later by the team, will include a no-trade clause in his contract, which is a rarity in player contracts.

Alstott's 2002 cap value will be reduced from $4.6 million ($2 million in base pay, a $2 million signing bonus and a pro-rated signing bonus of $667,000) to $1.225 million. Base salaries for the upcoming years will be $600,000 (2002), $1.4 million (2003), $1.5 million (2004) and $2 million (2005).

The deal includes a $2.5 million signing bonus and Alstott will be under contract through the 2005 season. Alstott was slated to count $4.6 million against the Bucs' salary cap this season and $8.866 million in 2003.

The deal also includes a no-trade clause, believed to be the first one initiated in Buccaneers history. The deal also includes a $500,000 bonus for accumulating 1,400 yards during the 2002 season.

Buccaneer Magazine will have more on this story throughout the afternoon.